We Love Our Pets, But Do We Love Pet Stocks?
According to the ASPCA, more than 23 million American households adopted a pet during the pandemic – one of the loneliest times. And those pets were spoiled. The American Pet Products Association said we spent $123.6 billion on our pets in 2021. That’s a lot of potential profits.
Should You Buy the Biggest IPO in Years?
The splashiest IPO in a long time hit the market at 1:15 this afternoon. Reddit (RDDT) had a successful debut, with the stock closing at $47.80 – 40.6% above the IPO price of $34. There’s no denying the excitement of an initial public offering, especially a well-known company like Reddit. There’s a certain mystique about them, and the early price moves can be alluring. Unfortunately, they are rarely get-rich-quick investments.
Power Trends+: Data Shows This Worst Performer Could Be a Buying Opportunity
There’s a lot going on in the market, and it’s not just A.I. stocks – like Nvidia (NVDA) and Super Micro Computer (SMCI) – in the news right now. Tesla (TSLA) is also making headlines, but not for something good. The company that once represented the future of cars and was a top performing stock is now the biggest laggard in the S&P 500 this year, down more than 30% just since January. Talk about a fall from grace.
The Investing Question that Surpasses All Others
Money can sway our emotions and lead us to do stupid things sometimes. Trust me, I know. I learned long ago that an unemotional approach to investing my hard-earned money was both easier on the stress levels and better for my bank account. Use emotions to love your family, but use data to invest.
Could These Stocks Go Nuclear?
The AI Now Institute – a research group focusing on the social impacts of A.I. – estimates that some new A.I. servers could use up more than 85 terawatt hours of electricity per year. If you’re not sure what that means, it’s more than some small nations’ use in a year. Clearly, we need to generate more power. And buzz is growing around nuclear power, but not in the way you might think.
Is This “Magnificent” Stock Really a 10Xer?
Is Tesla (TSLA) a $200 stock… or a $2,000 stock? That’s a 10X difference, which is a ton of money. If you listen to the market (right now), this “Magnificent 7” member is a $200 stock. More like $160 to be exact. But if you listen to Cathie Wood of ARK Invest, expect Tesla to be a $2,000 stock within three years.
Power Trends+: A Popular Discretionary Stock to “Energize” Your Portfolio
Regular Power Trends readers may remember me pointing out that the average inflation rate is 3.77%, and we’re now under that at 3.2%. So while we may need to wait a little longer, we’re on track for those long-awaited cuts. And that leads me to an interesting stock that I’ll go over in this week’s Power Trends+ video analysis: Celsius Holdings (CELH).
The Data Confirms It: You Need to Be Ready for This
I’ve talked to you before about the record amounts of cash sitting on the sidelines. In fact, I just updated my Quantum Edge Pro readers about it today. Some estimates are as high as $8.8 trillion. When we add cash-like securities to the Federal Reserve’s data showing $6.4 trillion in money market funds, it’s entirely believable. This tells me a) that a lot of investors have missed out on big profits, and b) there are huge opportunities ahead as that cash flows back into stocks. I’m not the only one who sees this. Louis Navellier also sees it.
A Look at What’s Coming – And the Massive Opportunities With It
The story of the next decade in our lives and our investing is what I call convergence. Specifically, The Great Convergence. It’s going to be huge. Three megatrends are converging that will change our world and create massive wealth for smart investors. All three pillars are essential to unleashing the full impact of this technological convergence.
